A message from the Trustee Office

Welcome to our 2018 Annual Report

It's been another busy year for the IAG & NRMA Superannuation Plan and once again, it's my pleasure to bring you the IAG & NRMA Superannuation Plan interactive annual report, giving a snap shot of the Plan highlights for the past year, including our investment returns.

We hope you are enjoying our new website which has some great features, including viewing all your benefits in one dashboard view and searching for any other super you have and rolling over online in minutes.

While the Royal Commission's spotlight has recently been on the superannuation industry, I'd like to assure our members that the IAG & NRMA Superannuation Plan is run solely for your benefit, to provide financial peace of mind now and to deliver the best outcome for your retirement. Everything the Plan does is guided by this intent.

Please take the time to watch this short video and to explore the interactive report. For a more detailed report on the Plan's investment and financial performance, you can download the full annual report.

Thank you for your ongoing support of our Plan. For information about your super, please visit the Plan website, www.IAGNRMAsuper.com.au or call the Plan Helpline 
on 1300 424 676. We're here to help.

Sincerely,

Troy Maguire
Senior Manager, Superannuation
IAG & NRMA Superannuation Pty Limited

Focus on members

Have you taken care of your loved ones?

Did you know your super death benefit isn't automatically paid to your estate in the event of your death?

How it is paid, will depend on any instructions you have given the Trustee. This is called 'nominating your beneficiaries'. If you haven’t made a beneficiary nomination, the Trustee will decide. As well as taking longer to be paid, your benefit might not go to those you want to receive it.

That's why nominating your beneficiaries is an important part of managing your super.

Tell us how to pay your benefit now
If you haven't made a nomination, take a few minutes now to ensure the Plan knows your wishes. You can nominate either a:

  • preferred beneficiary – this tells the Trustee who you would prefer to receive your death benefit, but the Trustee will make the final decision. You can make or update your nomination through your online account, www.IAGNRMAsuper.com.au; or
  • non-lapsing beneficiary – if you nomination is valid, the Trustee is bound to follow your wishes. To make your non-lapsing death benefit nomination, you need to complete and return a Making a non-lapsing death benefit nomination form.

If you need help to make your nomination, call the Plan Helpline on 1300 424 676.

Our new look Plan website

Our new website, www.IAGNRMAsuper.com.au, launched in July and you've told us you like it!

Key highlights include:

  • ability to manage your account anywhere, anytime on any device
  • find and consolidate your other super in minutes (we tell you how below)
  • a single dashboard view of all your benefits
  • a streamlined site that’s easier to navigate
  • new public area giving more information

Congratulations to our 102 competition winners and thanks to everyone who has checked out their account.

Take a tour of the new website

Find and combine your other super

Having your super in one place can mean less in fees; you pay only for insurance cover you need and easier account management. On the new website, you can find and roll over your super in 3 easy steps:

  1. Log into your account and go to the Find My Super page.
  2. Follow the prompts to search the ATO for your other super accounts.
  3. When you see the results, select the account(s) and amount(s) you want to combine into your IAG & NRMA Superannuation Plan account. Then hit Go at bottom right.

Note - You should check any insurance you may have in the other fund as this will cease upon the transfer. If you have death or death and TPD Insurance with another superannuation fund, you may be eligible to apply to transfer your insurance to the Plan before you rollover any superannuation. You should also check with your other fund to see if they charge any exit fees.

For help with the new website or if you have the details of your other accounts and want to rollover your accounts over the phone, call the Plan Helpline on 1300 424 676

Our 2017/2018 facts and figures

0

PLAN MEMBERS

0

MEMBERS SPOKE
TO A FINANCIAL
ADVISER OVER
THE PHONE

0

MEMBERS HAVE CONTACTED
THE HELPLINE

0

TIMES AND
MORE THAN

>

0

OF

ENQUIRIES
WERE
RESOLVED
ON THE
FIRST CALL

0

LIFETIME AND
ALLOCATED
PENSION MEMBERS

0

MEMBERS
HAVE MADE

0

ROLLOVERS

TOTALING

$0.0M

0

ONSITE EDUCATION
SESSIONS WERE
HELD, ATTENDED BY

0

MEMBERS

JUST OVER

$0B

TOTAL FUNDS

UNDER MANAGEMENT
AT 30 JUNE 2018

0%

FEMALE

VS

0%

MALE

0

MEMBERS SIGNED
INTO THE PLAN
WEBSITE

0

TIMES OVER THE YEAR

Have you taken care of your loved ones?

Did you know your super death benefit isn't automatically paid to your estate in the event of your death?

How it is paid, will depend on any instructions you have given the Trustee. This is called 'nominating your beneficiaries'. If you haven’t made a beneficiary nomination, the Trustee will decide. As well as taking longer to be paid, your benefit might not go to those you want to receive it.

That's why nominating your beneficiaries is an important part of managing your super.

Tell us how to pay your benefit now
If you haven't made a nomination, take a few minutes now to ensure the Plan knows your wishes. You can nominate either a:

  • preferred beneficiary – this tells the Trustee who you would prefer to receive your death benefit, but the Trustee will make the final decision. You can make or update your nomination through your online account, www.IAGNRMAsuper.com.au; or
  • non-lapsing beneficiary – if you nomination is valid, the Trustee is bound to follow your wishes. To make your non-lapsing death benefit nomination, you need to complete and return a Making a non-lapsing death benefit nomination form.

If you need help to make your nomination, call the Plan Helpline on 1300 424 676.

Our new look Plan website

Our new website, www.IAGNRMAsuper.com.au, launched in July and you've told us you like it!

Key highlights include:

  • ability to manage your account anywhere, anytime on any device
  • find and consolidate your other super in minutes (we tell you how below)
  • a single dashboard view of all your benefits
  • a streamlined site that’s easier to navigate
  • new public area giving more information

Congratulations to our 102 competition winners and thanks to everyone who has checked out their account.

Take a tour of the new website

Find and combine your other super

Having your super in one place can mean less in fees; you pay only for insurance cover you need and easier account management. On the new website, you can find and roll over your super in 3 easy steps:

  1. Log into your account and go to the Find My Super page.
  2. Follow the prompts to search the ATO for your other super accounts.
  3. When you see the results, select the account(s) and amount(s) you want to combine into your IAG & NRMA Superannuation Plan account. Then hit Go at bottom right.

Note - You should check any insurance you may have in the other fund as this will cease upon the transfer. If you have death or death and TPD Insurance with another superannuation fund, you may be eligible to apply to transfer your insurance to the Plan before you rollover any superannuation. You should also check with your other fund to see if they charge any exit fees.

For help with the new website or if you have the details of your other accounts and want to rollover your accounts over the phone, call the Plan Helpline on 1300 424 676

Our 2017/2018 facts and figures

0

PLAN MEMBERS

0

MEMBERS HAVE CONTACTED
THE HELPLINE

0

TIMES AND MORE THAN

>

0

OF

ENQUIRIES
WERE
RESOLVED
ON THE
FIRST CALL

0

LIFETIME AND
ALLOCATED
PENSION MEMBERS

0

MEMBERS SPOKE
TO A FINANCIAL
ADVISER OVER
THE PHONE

0

ONSITE EDUCATION
SESSIONS WERE HELD, ATTENDED BY

0

MEMBERS

JUST OVER

$0B

TOTAL FUNDS

UNDER MANAGEMENT
AT 30 JUNE 2018

0

MEMBERS
HAVE MADE

0

ROLLOVERS

TOTALING

$0.0M

0%

FEMALE

VS

0%

MALE

0

MEMBERS SIGNED
INTO THE PLAN
WEBSITE

0

TIMES OVER THE YEAR

Investments

2017/2018 investment returns

MySuper Delivered 7.2%, Pension Growth delievered 7.9% for the year to 30 June 2018

Super and Transition to Retirement Income Stream^ accounts

Pension accounts
 

The Plan's investment managers*

The Plan's Trustee appoints investment managers to make day-to-day decisions about the investments in the various asset classes.

Click each of the investment sectors to see who manages them.

Australian Shares

26% of assets

  • Colonial First State Wholesale Small Companies – Core Fund
  • DNR Capital Pty Ltd
  • Perpetual Concentrated Equity Fund
  • Vinva Investment Management

Overseas Shares

24% of assets

  • Arrowstreet Capital LP
  • Causeway Capital Management LLC
  • Generation IM Global Equity Fund
  • Investec Global Emerging Markets Equity Fund
  • MFS Global Equity Trust
  • T Rowe Price Global Equity Fund

Property

10% of assets

  • APPF – Industrial Unlisted Property Trust
  • APPF – Retail Unlisted Property Trust
  • Colonial First State Global Diversified Infrastructure Fund
  • GPT Wholesale Office Fund
  • Invesco Global Property

Growth alternative investments

4% of assets

  • GSA Diversified Alternatives
  • H2 Special Ops
  • IAGAM Sustainable Investments Trust
  • IAGAM Private Equity Trust

Defensive alternative investments

10% of assets

  • AQR Wholesale Delta Fund
  • Ellerston Capital Limited
  • GMO SGM Major Markets Fund

Fixed
Interest

16% of assets

  • IAGAM Fixed Interest Trust

Cash

10% of assets

  • IAGAM Cash Management Trust

Looking at the long term

Performance of the MySuper option over the last 28 years

2017/2018 investment returns

MySuper Delivered 7.2%, Pension Growth delievered 7.9% for the year to 30 June 2018

Super and Transition to Retirement Income Stream^ accounts

Pension accounts
 

The Plan's investment managers*

The Plan's Trustee appoints investment managers to make day-to-day decisions about the investments in the various asset classes.

Click each of the investment sectors to see who manages them.

Australian Shares

26% of assets

  • Colonial First State Wholesale Small Companies – Core Fund
  • DNR Capital Pty Ltd
  • Perpetual Concentrated Equity Fund
  • Vinva Investment Management

Overseas Shares

24% of assets

  • Arrowstreet Capital LP
  • Causeway Capital Management LLC
  • Generation IM Global Equity Fund
  • Investec Global Emerging Markets Equity Fund
  • MFS Global Equity Trust
  • T Rowe Price Global Equity Fund

Property

10% of assets

  • APPF – Industrial Unlisted Property Trust
  • APPF – Retail Unlisted Property Trust
  • Colonial First State Global Diversified Infrastructure Fund
  • GPT Wholesale Office Fund
  • Invesco Global Property

Growth alternative investments

4% of assets

  • GSA Diversified Alternatives
  • H2 Special Ops
  • IAGAM Sustainable Investments Trust
  • IAGAM Private Equity Trust

Defensive alternative investments

10% of assets

  • AQR Wholesale Delta Fund
  • Ellerston Capital Limited
  • GMO SGM Major Markets Fund

Fixed
Interest

16% of assets

  • IAGAM Fixed Interest Trust

Cash

10% of assets

  • IAGAM Cash Management Trust

Looking at the long term

Performance of the MySuper option over the last 29 years

Meet the people who run your Plan

Meet one of our members

Mark Jenkins

Superannuation Projects Specialist
Plan Management Office

What do you like most about the Plan’s new website?
There is now a simple and fast search function for finding my other super. I no longer need member numbers, fund names, etc. The process for rolling over online takes only a minute or two. Also, details with respect to my insurance as well as premiums are much easier to see.

According to Mercer, Millennials will need a nest egg of over $2,000,000 for their retirement. How does the Plan support members to achieve their retirement goals?
The Plan's website now provides retirement projections for all accumulation members. These tools rely on technology and statistical modelling to provide realistic forecasts. Changing variables such as contributions, retirement age and investment performance assumptions can impact the likelihood of meeting retirement goals. Intra-fund advice is also available through the Plan Helpline at no cost to members. Members can also attend a number of presentations which are provided at various office locations.

Where can members go with questions about their super? What services are available?
The Plan offers a comprehensive website available 24/7 and friendly Plan Helpline. Plan Management also provides member presentations at various office locations throughout the year. We focus on superannuation basics; information for new entrants; investments; redundancy; and planning for retirement. Plan Management are also available to help with any questions members have.

What is the biggest challenge you see members facing for their super?
Since people are living longer now, it's not out of the question to spend as many years in retirement as in a working career. Balancing an increasing life expectancy with an appropriate tolerance for investment risk is imperative.

Chris Hutchinson

Member-representative Trustee Director - IAG

How long have you been a Director of the Plan?
I'm in my 12th year as a Trustee Director.

What is it that the Plan offers that makes it unique/stand out from other super funds?
Over my career, I have been a member of a few superannuation funds. When I started at IAG I had accumulated three superannuation funds from previous employers. Having a young family, I was reminded by a friend to make sure I'd checked my life insurance cover was adequate. This prompted me to compare the insurance offerings across my super funds. The insurance offered by our superannuation plan was a stand out in terms of both cost and features.

What would you say is a critical thing for members to remember about their super?
It is one of the most tax effective vehicles to use when saving and investing for the future.

What do you appreciate most about being a Director on the Plan?
I get to sit on a board made up of a group of diverse individuals who all bring different skills and experience to the table. It is a great way to learn from the experiences of others in a decision-making environment.

What have you learnt about super during your time as a Director of the Plan?
My key learning, in the everchanging super environment are best encapsulated in the words of pioneering computer scientist, Edsger Dijkstra, who said, "Simplicity is a great virtue, but it requires hard work to achieve it and education to appreciate it. And to make matters worse: complexity sells better".

Meet one of our members

Nick Yazdani

Coordinator, Social Community and Platforms
Plan Member

How long have you been a member of the Plan?
Since 2015, close to four years now.

What does super mean to you?
A long-term investment that will help me maintain most of my lifestyle when I retire so that I don’t have to rely on the government pension.

What do you see as the value of super?
The fact that you can’t access it till retirement and you also have the ability to invest the money in markets where you’re willing to take more of a risk for a greater return.

What three words would best sum up your experience in the Plan?
Simple, easy, educating.

How can members get help to make super less confusing?
Read about their policy online or call the Helpline. ASIC has a great website www.moneysmart.gov.au that has plenty of information on their website about super. A wealth advisor would also be of good help.

Mark Jenkins

Superannuation Projects Specialist
Plan Management Office

What do you like most about the Plan’s new website?
There is now a simple and fast search function for finding my other super. I no longer need member numbers, fund names, etc. The process for rolling over online takes only a minute or two. Also, details with respect to my insurance as well as premiums are much easier to see.

According to Mercer, Millennials will need a nest egg of over $2,000,000 for their retirement. How does the Plan support members to achieve their retirement goals?
The Plan's website now provides retirement projections for all accumulation members. These tools rely on technology and statistical modelling to provide realistic forecasts. Changing variables such as contributions, retirement age and investment performance assumptions can impact the likelihood of meeting retirement goals. Intra-fund advice is also available through the Plan Helpline at no cost to members. Members can also attend a number of presentations which are provided at various office locations.

Where can members go with questions about their super? What services are available?
The Plan offers a comprehensive website available 24/7 and friendly Plan Helpline. Plan Management also provides member presentations at various office locations throughout the year. We focus on superannuation basics; information for new entrants; investments; redundancy; and planning for retirement. Plan Management are also available to help with any questions members have.

What is the biggest challenge you see members facing for their super?
Since people are living longer now, it's not out of the question to spend as many years in retirement as in a working career. Balancing an increasing life expectancy with an appropriate tolerance for investment risk is imperative.

Chris Hutchinson

Member-representative Trustee Director - IAG

How long have you been a Director of the Plan?
I'm in my 12th year as a Trustee Director.

What is it that the Plan offers that makes it unique/stand out from other super funds?
Over my career, I have been a member of a few superannuation funds. When I started at IAG I had accumulated three superannuation funds from previous employers. Having a young family, I was reminded by a friend to make sure I'd checked my life insurance cover was adequate. This prompted me to compare the insurance offerings across my super funds. The insurance offered by our superannuation plan was a stand out in terms of both cost and features.

What would you say is a critical thing for members to remember about their super?
It is one of the most tax effective vehicles to use when saving and investing for the future.

What do you appreciate most about being a Director on the Plan?
I get to sit on a board made up of a group of diverse individuals who all bring different skills and experience to the table. It is a great way to learn from the experiences of others in a decision-making environment.

What have you learnt about super during your time as a Director of the Plan?
My key learning, in the everchanging super environment are best encapsulated in the words of pioneering computer scientist, Edsger Dijkstra, who said, "Simplicity is a great virtue, but it requires hard work to achieve it and education to appreciate it. And to make matters worse: complexity sells better".

Nick Yazdani

Coordinator, Social Community and Platforms
Plan Member

How long have you been a member of the Plan?
Since 2015, close to four years now.

What does super mean to you?
A long-term investment that will help me maintain most of my lifestyle when I retire so that I don’t have to rely on the government pension.

What do you see as the value of super?
The fact that you can’t access it till retirement and you also have the ability to invest the money in markets where you’re willing to take more of a risk for a greater return.

What three words would best sum up your experience in the Plan?
Simple, easy, educating.

How can members get help to make super less confusing?
Read about their policy online or call the Helpline. ASIC has a great website www.moneysmart.gov.au that has plenty of information on their website about super. A wealth advisor would also be of good help.

Stay connected

Your super is your money, so be sure you don't miss any important information about news and investment update and changes.

If you change your contact details including your home address, email address or contact phone number, remember to let the Plan know. You can call the Plan Helpline or go online to update them.

The Plan is committed to doing all we can to reduce our carbon foot print by reducing our paper usage. Remember to tell us how you'd like to receive your information by updating your communication preferences. Either go to your online account on the Plan website or call the Plan Helpline and we can confirm your preferences for you.

Plan Helpline
1300 424 676